Podcast
Questions and Answers
What is the main goal of an enterprise?
What is the main goal of an enterprise?
- To produce goods and services (correct)
- To establish a strategy by management
- To achieve strategic management
- To monitor, analyze, and assess the organization
In classical direction strategic management, what is chosen to achieve the objectives?
In classical direction strategic management, what is chosen to achieve the objectives?
- Situation analysis
- Planning and implementation
- Strategy formation (correct)
- Collaboration
What is the new or modern direction of strategic management more about?
What is the new or modern direction of strategic management more about?
- Organic growth
- Strategic planning
- Entering mergers or acquiring organization
- Strategic thinking (correct)
What does strategic management involve, according to the text?
What does strategic management involve, according to the text?
What are the stages of the strategic management process?
What are the stages of the strategic management process?
What is a company's main tool to find a balance in classical direction strategic management?
What is a company's main tool to find a balance in classical direction strategic management?
What is the 7-S model's first step?
What is the 7-S model's first step?
Which component is NOT part of the 7-S model?
Which component is NOT part of the 7-S model?
What is the primary role of the vision in the 7-S model?
What is the primary role of the vision in the 7-S model?
What does the mission consist of?
What does the mission consist of?
Which aspect is tested against social norms and values as part of the organization's principles?
Which aspect is tested against social norms and values as part of the organization's principles?
What do organizational objectives indicate?
What do organizational objectives indicate?
In human resource management, what is design thinking primarily focused on?
In human resource management, what is design thinking primarily focused on?
What does the situation analysis determine?
What does the situation analysis determine?
What is another name for situation analysis?
What is another name for situation analysis?
What is the role of principles in an organization?
What is the role of principles in an organization?
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Study Notes
- Strategic management is a process used by organizations to achieve their goals, with a focus on planning, monitoring, analyzing, and assessing.
- Classical strategic management involves finding a balance between a company's resources, strengths and weaknesses, and opportunities and threats from the environment.
- Modern strategic management focuses on strategic thinking and possibilities for growth, including organic growth, collaboration, and mergers or acquisitions.
- Situation analysis is a key part of strategic management and involves examining an organization's current profile, including vision, objectives, strategy, and internal and external environments.
- Vision is a general representation of an organization's future, made up of a mission and principles. The 7-S model is used to analyze the role of vision in an organization.
- Objectives indicate the relationship between an organization, its environment, and employees, and often relate to balance of interests, profitability, quality, effectiveness and efficiency, image, and rules of conduct.
- Human resource management often uses design thinking, a problem-solving method with a focus on the customer.
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